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20121231
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of spending cuts and might actually add to the deficit. tennessee senator bob corker. >> everybody on this body knows we've done nothing -- nothing -- by the time this agreement takes place to reduce a penny of debt in this country. people know that. that's a shame. >> reporter: tonight the two sides are still haggling over the $110 billion worth of spending cuts across-the-board cuts that are set to go into effect tomorrow. they're trying to figure out a way to push those cuts off for at least a couple of months. because of that, rebecca, the senate still hasn't voted and the house can't vote until the senate does. so we're still in limbo. >> nancy cordes, thank you. president obama gave a briefing on the budget talks before an audience that included former campaign volunteers and supporters. major garrett is at the white house tonight. major, good evening. >> good evening, rebecca. the president wants higher income taxes on the wealthy but he had to give up a few things to achieve that. gone, for example, the $250,000 threshold that was part of the presidential successful re-elec
the board tax hikes with dramatic cuts in military and domestic spending. joining us now bob cusack the manage evening editor of the hill the. great to have you here today. >> great to be here. >> many americans are frustrated that congress has taken us to the brink once again with little or no progress. what are you hearing at this moment? is there progress at this time? >> well, we are hearing that there has been progress between vice president biden and senate minority leader mitch mcconnell. still we are nearly 12 hours from the cliff. we don't have a bill. there has actually been a stunning lack of urgency on cant toll hill. on the default showdown, the government shut down there was more urgency. here there just isn't that urgency, maybe because the markets haven't been the roller coaster we thought they would be. eventually people will see less money in their paychecks unless a deal is reached and that could cause some kind of panic that could move congress. so far congress has just not moved and neither has the president. they haven't been able to get a deal. >> reporter: we
insurance of the up there? host: thank you for the call. is this from bill king. this is bob, good morning. caller: happy new year. host: to you, too. caller: all the republican party has to do is to allow for what the voters voted on by putting obama back in office, which was the mandate that people earning above $250,000 pay 4.5%.eer lousy that is not a hair off their chinny-chin-chin. everybody is looking to fight against the tax increase for the wealthiest people. they take a ski vacation in france and a cost $20,000. they spend money like it is garbage. cheerleading for tax breaks for people who do not need it. they have admitted they do not need it. the republicans and the democrats are not facing the key issue with our budget, which is medical cost. it is insanity we do not hear enough and i wish c-span would have more programs dealing with all of the options that could lessen the burden on the government and the taxpayer for the medical costs. i believe that in medicare buy- in -- i have 10 years left to go until medicare. i pay $620 a month for my health care. that is a lot of mon
Search Results 0 to 2 of about 3